SME Midlands Enterprise Awards 2019: Best Engineering & Business Consultancy - East Midlands.
I’m very pleased and honoured to announce that SME News has voted Michael Provost Consulting Ltd as the best engineering and business consultancy in the East Midlands in 2019, based on my history of engineering and business innovation over the last four decades with Rolls-Royce, Bombardier Transportation, Intelligent Energy and also on the contents of my book ‘Servitization and Physical Asset Management’.
Another trophy to add to my collection!
SAE International (www.sae.org) have acquired the rights to publish my book. The new title is "Servitization and Physical Asset Management": copies can be ordered from https://www.sae.org/publications/books/content/r-479 in both printed and electronic formats.
There is also a podcast available that discusses some of the important points made in the book: see https://www.sae.org/podcasts/sae-author and select Episode 2: IVHM, Servitization and Physical Asset Management: Impact and Challenges.
"Everything Works Wonderfully", my self-published book, is now out of print, having been around for four and a half years after eighteen months of pulling the information together and six months of writing it up. It was an interesting and challenging project writing a book documenting nearly forty years of work experience. I recommend that everyone has a go at writing their own history: it's hard work, but you won't regret it!
Many firms now realise that they need to sell solutions to customer problems, rather than just products: this change of mind-set is called Servitization or Service Infusion. It requires you to move from a 'make it and sell it' mentality to one that considers what your customers' needs really are and how to help your customers operate and manage the products they buy from you over the long term to achieve their business objectives.
As Rolls-Royce, MAN Trucks, Caterpillar, Xerox, Alstom, GE and many others have discovered, the benefits from making this transition are genuinely transformative:-
Servitization increases business growth by up to 10% whilst reducing customers' costs by over 25%, according to interviews with 33 key executives by the Aston University Business School. All companies, from smallest to largest, can reap the benefits of Servitization.
Adoption of servitization can be inhibited by a lack of awareness: the transition from pure manufacturing requires nurturing by people skilled in its implementation. How do you go about this? A great deal has been written about Servitization and Physical Asset Management, but much of it is unstructured and written in language that is hard to understand. However, help is at hand...
EVERYTHING WORKS WONDERFULLY (now out of print: see above) was a 298-page A4 softback book written to provide a structured source of guidance and reference information on Servitization and the management of physical assets for people at all levels in industry:
Senior executives considering the expansion of their businesses into the provision of Asset Management services for the products they design and manufacture;
Middle management wishing to know what needs to be done to look after the assets they are responsible for and who to approach for help;
‘Hands-on’ engineers looking for contacts and advice on detailed tools and techniques.
Academics also found the book useful as a source of contacts and ideas for research.
As well as giving high-level overviews of many Asset Management issues, the book refered to nearly 1,200 books, magazine articles, papers and presentations (many freely available on the internet) and websites that the author has found useful over the last three decades of analysis, monitoring and Asset Management of gas turbines, railways and clean energy systems.
Please click on the hyperlink below to download a PDF file containing book details and two of the chapters.
I'm often asked why I called the book EVERYTHING WORKS WONDERFULLY. I wanted to emphasise that the end result of Servitization is the proper functioning of everything (assets, supporting systems, communications, relationships, businesses, etc) that affects customer and supplier business outcomes, not just hardware and software... Servitization is not just an IT or technology issue!